Emirates president Tim Clark hopes travellers will return to Dubai in July. Courtesy Dubai Airports
Emirates president Tim Clark hopes travellers will return to Dubai in July. Courtesy Dubai Airports
Emirates president Tim Clark hopes travellers will return to Dubai in July. Courtesy Dubai Airports
Emirates president Tim Clark hopes travellers will return to Dubai in July. Courtesy Dubai Airports

Emirates's Tim Clark hopes tourists will be visiting Dubai from July and says empty middle seats aren't practical


Hayley Skirka
  • English
  • Arabic

Emirates president Tim Clark is hopeful that foreign tourists will be visiting Dubai once again by next month.

Speaking at the first virtual Arabian Travel Market on Monday, June 1, Clark told interviewer and aviation expert John Strickland that he hoped tourists would be back in the emirate by July.

It's an ambitious goal. Passenger flights in and out of the UAE have been suspended since March, and only cargo, repatriation and a handful of flights to select destinations are operating. Borders are closed to travellers, residents must apply for permission to fly back to the UAE and there is a 14-day quarantine period for anyone landing in Dubai.

Emirates would be ready to fly again in 48 hours

Emirates could have its fleet ready to fly in 48 hours if travel restrictions were lifted and there was passenger demand to fly said Tim Clark on Monday, June 1. Courtesy Dubai Airports
Emirates could have its fleet ready to fly in 48 hours if travel restrictions were lifted and there was passenger demand to fly said Tim Clark on Monday, June 1. Courtesy Dubai Airports

If travel restrictions were lifted and there was passenger demand to travel, Emirates could ready its fleet to be back in the sky within 48 hours, Clark confirmed during the ATM webinar.

Emirates was flying to 157 destinations across 83 countries before travel restrictions across the globe and in the UAE meant the airline had to ground most of its fleet. There have been plenty of cargo flights, special repatriation flights and the airline recently relaunched limited passenger flights to nine destinations across Europe, North America and Australia.

50 destinations by June

Emirates plans to expand its network to 50 destinations by June. Courtesy Dubai Airports
Emirates plans to expand its network to 50 destinations by June. Courtesy Dubai Airports

The Dubai airline is also preparing to expand its network to service 50 destinations by the end of June, according to Adel Al Redha, chief operating officer at Emirates.

Network expansions still need approval from government sources, but the airline is working closely with the relevant authorities to make this happen, confirmed Emirates in an email to The National.

Despite this, it's going to be a bit of a wait before travelling returns to normal.

There is likely to be an uptake in the numbers of passengers flying by summer next year, said Clark, but only if a vaccine for the coronavirus is found.

"I think probably by the year 2022 / 23, 2023 / 24 we will see things coming back to some degree of normality and Emirates will be operating its network as it was and hopefully as successfully as it was," said the airline president.

Empty middle seats makes no environmental or economic sense

Tim Clark said not selling all tickets on a flight is not practical. Courtesy Emirates
Tim Clark said not selling all tickets on a flight is not practical. Courtesy Emirates

Keeping the middle seat vacant between passengers for social distancing on flights is not practical, Clark noted, saying the measure was neither economically nor environmentally practical because it means flying aircraft that are half empty.

Emirates will only keep the middle seat empty when load allows, but will focus on continuing to require passengers wear gloves and face masks onboard, confirmed the airline chief. All travellers checking in for an Emirates flight are supplied with hygiene kits containing personal protective equipment to wear at the airport and in the air.

Calling the pandemic unlike anything he's seen before in his career, Clark also recognised that we are witnessing a global crisis that affects more than the aviation industry. "As an industry, we are not alone in the effects of this," said the outgoing president solemnly.

Tim Clark will become an advisor for Emirates next month when he steps down from his current role with the Dubai airline to retire.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Pots for the Asian Qualifiers

Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka

The specs: 2018 Jeep Grand Cherokee Trackhawk


Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WonderTree%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20April%202016%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Muhammad%20Waqas%20and%20Muhammad%20Usman%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Karachi%2C%20Pakistan%2C%20Abu%20Dhabi%2C%20UAE%2C%20and%20Delaware%2C%20US%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Special%20education%2C%20education%20technology%2C%20assistive%20technology%2C%20augmented%20reality%3Cbr%3EN%3Cstrong%3Eumber%20of%20staff%3A%20%3C%2Fstrong%3E16%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EGrowth%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Grants%20from%20the%20Lego%20Foundation%2C%20UAE's%20Anjal%20Z%2C%20Unicef%2C%20Pakistan's%20Ignite%20National%20Technology%20Fund%3C%2Fp%3E%0A

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Schedule for show courts

Centre Court - from 4pm UAE time

Johanna Konta (6) v Donna Vekic

Andy Murray (1) v Dustin Brown

Rafael Nadal (4) v Donald Young

 

Court 1 - from 4pm UAE time

Kei Nishikori (9) v Sergiy Stakhovsky

Qiang Wang v Venus Williams (10)

Beatriz Haddad Maia v Simona Halep (2)

 

Court 2 - from 2.30pm

Heather Watson v Anastasija Sevastova (18)

Jo-Wilfried Tsonga (12) v Simone Bolelli

Florian Mayer v Marin Cilic (7)

 

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

MATCH INFO

Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')

Leeds United 0 

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri